"So long as the State stands as an impersonal mechanism which
can confer an economic advantage at the mere touch of a button, men
will seek by all sorts of ways to get at the button, because law-made
property is acquired with less exertion than labour-made property. It
is easier to push the button and get some form of State-created
monopoly like a land-title, a tariff, concession or franchise, and
pocket the proceeds, than it is to accumulate the same amount by work."

Following up on an unfinished article by Jeremy Bentham, an
essay on
how terms such as "individualism," " laissez-faire," "free
competition," "capitalism," "democracy" and "republic" are badly
misused, often by people who have agendas to obscure.

The difference between liberals, who suppose the state to be
an instrument of social good and see the struggle between labor and
capital, and radicals, who suppose it to be exploitive and see the
battle as against state-sanctioned monopoly.